Value Analysis definition

Value Analysis means a life cycle costing approach to valuing a given alternative, which calculates the long term expected impacts of implementing the particular option.

Value Analysis means an analysis of the functions of a programme, project, system, product, items of equipment, building, facility, service or supply by a person, directed at improving performance, reliability, quality, safety and life-cycle. (2) For the purpose of this act “procurement “does not include:-

Value Analysis means the continuing evaluation by the Construction Manager of the Drawings, Specifications, related design concepts, and design documents, throughout the design and construction phases of the Project, whereby the Construction Manager proposes and the Project Team determines the most advantageous value added design substitutions or solutions, as approved by Owner, with the goal of an integrated design that encompasses life cycle cost analysis and functional analysis according to evaluation criteria established by the guidelines of the Society of American Value Engineers (SAVE).

Examples of Value Analysis in a sentence

• Agree to other workshop administrative details The workshop must be conducted under the methods described in the Department's Value Analysis Team Guide available at: http://www.dot.ca.gov/hq/oppd/value/ The facilitator must be a certified value specialist as recognized by the Society of American Value Engineers.

• Agree to other workshop administrative details The workshop must be conducted under the methods described in the Department's Value Analysis Team Guide available at: http://www.dot.ca.gov/hq/oppd/value/The facilitator must be a certified value specialist as recognized by the Society of American Value Engineers.

• As provided by statute, award will be based on Best Value Analysis, (Lowest Price Technically Acceptable Source Selection Method in accordance with 09 NCAC 06B.

• As provided by statute, award will be based on Best Value Analysis, Lowest Price Technically Acceptable Source Selection Method in accordance with 09 NCAC 06B.

• Councillor Daniel expressed some frustration that where there were areas of concern such in the bullet points in paragraph 3.28, these were not front and centre of the strategy, whereas, good performance was noted all the way through the document.

• LSV uses the Quantitative Value Analysis Method and Software to market its investment advisory services.

• Agree to other workshop administrative details The workshop must be conducted under the methods described in the Department's Value Analysis Team Guide available at:http://www.dot.ca.gov/hq/oppd/value/ The facilitator must be a certified value specialist as recognized by the Society of American Value Engineers.

• If authorized, the Contractor shall in coordination with the AOC, the Architect or Engineer, and other third parties (as necessary and authorized by the AOC), provide the following: Value Analysis: Conduct value analysis workshops at 50% and 90% Working Drawing stages to confirm that all project and construction costs have been identified.

• Purchasing – Objectives, Functions, Policies, Vendor rating and Value Analysis.

• Providing a Value Analysis Study at the conclusion of this phase to assist in this effort is a tool to assist in reconciling the project to the budget and may provide some value but does not alleviate the architect's contractual responsibility.

More Definitions of Value Analysis

Value Analysis means a systematic and objective evaluation of the function of a product and its related costs, whose purpose is to ensure optimum value.]